On the 29th (local time), Robinhood, the current leading US stock and cryptocurrency trading platform,
Arbitrum ARB soared on the expectation of a partnership with Robinhood. These expectations were fueled by Robinhood's announcement on the same day through its OfficialX account that it would be "a cryptocurrency exchange that will
Robinhood created excitement by teasing Vitalik Buterin at its European event in Cannes, France, for the "biggest announcement of the year regarding the cryptocurrency."
Buterin, co-founder of Ethereum, Johann Kerbrat, head of Robinhood Crypto, and AJ Warner,
"Fireside Chat" with Chief Strategy Officer of Offchain Labs, the developer of Abitram
The speculation about the partnership was first sparked by a Bloomberg report in May.
Vinhood is building a blockchain-based platform that allows European investors to trade US stocks, and has selected Abitram and Solana as candidate chains for this process.
Former Ethereum developer Eric Connor said he was considering a blockchain-based blockchain for the first time, but no final decision has been made.
Connor) said, "It looks like Robin Hood has chosen Avtram."
Omar Kanji of venture capital firm Dragonfly also wrote, "It's purely speculation, but I think Ethereum + Abitram + Robinhood will soon be a major player in blockchain.
"It just seems to mean that the Vinhood Chain will be announced," he said. According to the cryptocurrency market site CoinMarketCap, Abitram (ARB) was trading at 2 p.m. on the 30th.
ARB, which was trading at 31 cents immediately after Robinhood's X post, was trading at 1:00 p.m. on the 29th, eight hours later.
At 00:30 UTC, it surged to 38.6 cents. It is currently trading at the 35 cent line. However, ARB is still below its January 2024 high of $2.39.
This is a drop of about 85% since the beginning of the year, and a drop of nearly 50% since the beginning of the year.
2025/06/30 17:44 KST
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